Life insurance and estate
Life insurance and estate
My friend’s husband recently died. He had a life insurance policy. He had certain debts. Will the life insurance policy be considered as a part of his estate or will my friend be able to claim it?
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The life insurance policy will be considered as a part of the deceased person's estate. His debts will be paid off from that estate.
1
I agree with what James has said. The life insurance policy will become a part of the deceased husband's estate. All the creditors/lenders will claim their money from this estate.